StockNews.com Begins Coverage on SIFCO Industries (NYSE:SIF)

StockNews.com assumed coverage on shares of SIFCO Industries (NYSE:SIF) in a report issued on Tuesday. The brokerage set a “buy” rating on the stock.

SIFCO Industries Trading Down 2.7 %

SIF opened at $3.90 on Tuesday. The firm’s 50 day moving average is $4.11 and its 200-day moving average is $3.75. SIFCO Industries has a 52-week low of $2.87 and a 52-week high of $5.96. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $24.10 million, a P/E ratio of -2.89 and a beta of 1.23.

Hedge Funds Weigh In On SIFCO Industries

An institutional investor recently raised its position in SIFCO Industries stock. Minerva Advisors LLC grew its holdings in shares of SIFCO Industries, Inc. (NYSE:SIF) by 12.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 423,889 shares of the company’s stock after buying an additional 45,281 shares during the quarter. SIFCO Industries accounts for about 1.1% of Minerva Advisors LLC’s investment portfolio, making the stock its 22nd largest holding. Minerva Advisors LLC owned about 6.86% of SIFCO Industries worth $1,971,000 as of its most recent filing with the Securities and Exchange Commission. 24.20% of the stock is owned by hedge funds and other institutional investors.

SIFCO Industries Company Profile

SIFCO Industries, Inc, together with its subsidiaries, produces and sells forgings and machined components primarily for the aerospace and energy markets in North America and Europe. The company’s processes and services include forging, heat-treating, chemical processing, and machining. It also offers original equipment manufacturer and aftermarket components for aircraft and industrial gas turbine engines; steam turbine blades; structural airframe components; aircraft landing gear components; aircraft wheels and brakes; rotating components for helicopters; and commercial/industrial products.